Equbot Plans ETF Sequel

Firm that launched a fund based on analysis by IBM’s Watson supercomputer has filed for an international version.

ETF.com
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Reviewed by: etf.com Staff
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Edited by: etf.com Staff

Equbot, the firm behind the $140 million AI Powered Equity ETF (AIEQ) that launched last year, is looking to roll out a non-U.S. version of the artificial-intelligence-driven fund that targets developed markets.

The AI Powered International Equity ETF (AIIQ) will be advised by Equbot and subadvised by Vident Investment Advisory on the ETF Series Solution platform, whereas AIEQ was launched using ETF Managers Group’s exemptive relief and on the ETFMG platform.

Methodology

The proposed fund, like its predecessor AIEQ, is actively managed and will use natural language processing via IBM’s Watson supercomputer to review thousands—if not millions—of pieces of data on daily basis.

Every day, the Equbot Model identifies 80-250 companies that it thinks will outperform the broader market over the next 12 months based on its analysis of trends, events and economic conditions.

The model even goes as far as to suggest weights for individual companies, though it will limit its exposure to any single company to 10% of the portfolio, the prospectus says.

AIEQ was recently awarded Best New Active ETF at the 2017 ETF.com Awards.

Contact Heather Bell at [email protected]

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